Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
You can give notice to one of the tenants, then move in and rent out rooms to further cut your living expenses.Yes, something I've considered but does require me to move from CA to TN, so big life change.
Randee Erickson
Blue Gate Capital - are they legitimate?
17 January 2025 | 37 replies
Then my firm cuts me my share in a commission check that I may get 4 days after that.
Melanie Baldridge
Bonus depreciation ?
16 December 2024 | 0 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
I predict that the guys who are fully leveraged and cash flowing $100 per month will be motivated sellers when the next big correction happens.actually its either them or they walk and its their lenders selling that is what happened in that time period.. and was pronounced in certain markets.for me personally I don't want to risk my credit and finances and borrow 75k to make 1200 a year... or even 2400 a year if its a market that has a history of no appreciation and I don't feel there is going to be any significant appreciation.. 2 to 3% a year does not cut it.but I will take 500 a month negative or 10k a month negative if I think there are huge gains at the other end..
Will Almand
Multi Family Investing Cons
18 December 2024 | 4 replies
There are a lot of investors that want to get started and don't have the money to buy a 20 unit, but want more than a SFR, so they buy a duplex to quad.I only know of a handful of quads in my market that got cut up into 4 condos.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
For bigger jobs I have went with the "Have it delivered and I will cut the money to the driver".
Michael Nguyen
New investor....Should I buy single or multi-family?
23 December 2024 | 14 replies
Cut your teeth on something easy.
Pete Galyon
WHO ELSE has is seeing amazing returns in there areas??
16 December 2024 | 13 replies
A strong buyers market indicates sellers price cutting and listings being bought under value which would lead to equity losses.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
What did you say the last time someone asked 'Can I cut in front of you, I only have three things'?
Toby Khan
Wichita, KS Investors
9 January 2025 | 107 replies
A Cut Above lawn and landscape out of Andover is run by my partner Andrew.